 By Ian WyattSaturday, May 21, 2022 Elon musk blasted the Biden administration on Twitter – accusing it of doing “everything it can to sideline” and ignore Tesla (NASDAQ: TSLA). Which is frankly ridiculous considering its total dominance in the EV space. In fact, that’s why Tesla stock is up over 13,000% since I recommended it at $7.60 per share. But will it be the NEXT huge EV winner in the next few years? Time will tell. |
There seems to be some kind of war against Musk lately.
Just a few days ago…
Tesla was removed from the environment, social and governance (ESG) version of the S&P 500 Index.
Musk followed it up by calling the ESG a scam…
… while also saying that “it has been weaponized by phony social justice warriors.”
He also said he would no longer vote Democrat because “they have become the party of division and hate” – anybody paying attention who can think for themselves knows that is true. He went on to warn his Twitter followers to “watch their dirty tricks campaign against me unfold.”
Right after that…
Business Insider published a sex-misconduct claim against him, who thinks that was a coincidense?
But here’s the thing.
Musk’s beef with the Biden administration goes WAY back.
For example, back in August 2021…
He wasn’t invited to Biden’s signing ceremony for an executive order that called on automakers to sell more electric vehicles.
But General Motors, Ford and Chrysler were.
Which is quite odd…
Especially considering the EV revolution would NOT have happened without Tesla.
That being said…
It’s no secret that competitors want to unseat Tesla from its top spot.
In fact, Bank of America said that not only are they coming for it…
But that they could actually succeed in the not-too-distant future.
Now, how will the Musk-Biden war continue?
I don’t know.
But what I do know that the Biden administration’s anti-Tesla view is ridiculous.
Tesla has not only birthed the EV revolution…
It has absolutely dominated the EV market so far.
In fact, its market value more than the market cap of GM, Ford, Volkswagen and Mercedes… combined!
Thankfully, as an investor…
I saw its potential way back when it was just $7.60 per share.
And the stock is up over 13,000% since I recommended it then.
But can Tesla now offer us such big gains still?
I doubt it.
That’s why I’m NOT buying Tesla Motors today.
The moral to this story if you support the democrat party, now may be a good time to stop and
ask yourself why?
Form an investors point of view, don’t fall in love with a stock or crypto. The goal is to ride the wave,
pull your money out as soon as you can, and always be looking for the next wave.
Yours in Wealth,
